Jennifer Smart Foundation

Analysis

Jennifer Smart Foundation is a registered charity in United States, based in Lake Elsinore, CA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jennifer Smart Foundation reported income of $96k and spending of $115k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $173k to $96k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jennifer Smart Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include South Park Kids Inc ($96k), Alexander Family Philanthropic Education Foundation Inc ($96k) and Edgar Dooky Jr and Leah Chase Family Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $1,205, net assets of $67k.